Well it looks like the cat is really out of the bag now, and Nintendo has revealed their plans for the Nintendo Network. The network will be head-and-shoulders above the current "Wi-Fi connection," and will allow users to purchases full digital versions of retail games.
Nintendo President Satoru Iwata expanded on the functionality of the network:
"Unlike Nintendo Wi-Fi Connection, which has been focused upon specific functionalities and concepts, we are aiming to establish a platform where various services available through the network for our consumers shall be connected via Nintendo Network service so that the company can make comprehensive proposals to consumers," Iwata said.
Nintendo also said that they're planning to sell 3DS and upcoming Wii U titles through the Nintendo Network. That said, there are bound to be issues with the small sizes of SD cards for the 3DS, which Nintendo has not responded to as of yet.
So who's excited that Nintendo is finally stepping into the online market with a network as robust as it's competitors?